Microsoft AX 2012 Financials Boot Camp

Description

In this accelerated learning environment, this boot camp incorporates selected modules from Financials I in Dynamics AX 2012 (80219), Financials II in Dynamics AX 2012 (80220), and Fixed Assets in Dynamics AX 2012 (80302) for a total of seven days of training in a five day format. This course will help in preparing you for the exam Microsoft Dynamics AX 2012 Financials (MB6-702).

This course incorporates content from Microsoft Official Courses (MOC):

Financials I in Microsoft Dynamics AX 2012 (80219)

Financials II in Microsoft Dynamics AX 2012 (80220)

Fixed Assets in Microsoft Dynamics AX 2012 (80302)

This course is recommended for:

Partners, Customers, and other end users of the financial modules in Microsoft Dynamics AX.

Prerequisites

Should have a moderate understanding of Finance processes. They need an understanding of which Dynamics AX functionalities apply to the different finance processes. This audience typically includes Dynamics AX partner staff, such as solution architects, functional consultants, and project managers. This exam is also appropriate for sales staff who have a business software solution background and who want to demonstrate foundational understanding of the Dynamics AX application.

Curriculum

Financials I in Microsoft Dynamics AX 2012

Module 1: General Ledger Setup

This module explains how to work with the chart of accounts and it's multiple dimensions. These dimensions may be used to track profits, cost centers, and other financial information. Allocation rules and methods are also discussed in this course.

Lessons

Currency and Exchange Rate Setup

Periods and Fiscal Year Setup

Date Intervals

Reason Codes

Financial Dimensions

Financial Dimension Sets

Period Allocations

Module 2: Chart of Accounts Setup

This module discusses the set up of the chart of accounts. Topics include account categories, creating new accounts, defining account information and creating ledgers.

Lessons

Main Account Categories

Chart of Accounts

Main Account Information

Main Account Administration Information

Main Account Setup Information

Configuring Account Structures

Advanced Rules

Ledger Setup

Accounts for Automatic Transactions

Inquiries and Reports Related to the Chart of Accounts

Module 3: Journal Setup

This module explains the basic setup procedures for journals, including journal names, controls, and texts.

Lessons

Journal Setup

Journal Controls

Journal Descriptions

Balance Control Accounts

General Ledger Parameters

Module 4: General Ledger Daily Procedures

This module focuses on journal management and journal transactions. Review, change and modification of journals are discussed in this course.

Lessons

General Ledger Journals

Enter General Ledger Transactions

Posting Multiple Journals

Approval Journals

Gathering Data for an Approval Journal

Voucher Templates

Periodic Journals

General Ledger Transaction Reversal

Reversing Entries - General Journal

Inquire and View Reports on Daily Journal Transactions

Module 5: Sales Tax Setup

This module introduces the functionality available for handling sales tax in Microsoft Dynamics AX. Information regarding tax calculations options, posting and reporting can be handled is discussed along with how to enter sales tax transactions.

Lessons

Sales Tax Overview

Ledger Posting Groups

Sales Tax Authorities

Sales Tax Settlement Periods

Sales Tax Codes

Sales Tax Code Intervals

Sales Tax Groups

Item Sales Tax Groups

Sales Tax Jurisdictions

Sales Tax Transactions

Sales Tax Exemption

Withholding Sales Tax

Module 6: Financial Features

This module focuses on features that are used across the various financial modules of Microsoft Dynamics AX. Topics include financial reason codes and the fill utility.

This module describes the different Accounts Payable setup options. It discusses setup procedures and defaults including topics such as payment options, vendor setup and posting profiles.

Lessons

Payment Schedule

Terms of Payment

Payment Days

Cash Discounts

Payment Fee

Methods of Payment

Vendor Groups

Accounts Payable Posting Profiles

Accounts Payable Vendors

Module 10: Accounts Payable Daily Procedures

This module discusses the various invoice journals in the Accounts Payable module. It describes what to use each invoice journal for, and how to enter transactions in each journal.

Lessons

Invoice Journals in Accounts Payable

Invoice Register

Invoice Approval Journal

Vendor Invoice Pool Excluding Posting Details

Invoice Journal

Voucher Template

Payment Journals

Prepayments

Invoice Matching

Charges to Purchase Order Invoices

Edit Open Transactions

Reverse a Closed Transaction

Print Management

Module 11: Accounts Receivable Setup

This module introduces the setup procedures and defaults used in the Accounts Receivable module. Topics discussed include creating payment schedules, terms of payment, payment days, payment fees, and methods of payment. Setting up customers, customer groups and posting profiles are also discussed.

Lessons

Payment Schedule

Terms of Payment

Payment Days

Cash Discounts

Payment Fee

Methods of Payment

Customer Groups

Accounts Receivable Posting Profiles

Accounts Receivable Customers

Module 12: Accounts Receivable Daily Procedures

This module discusses the free text invoice and payment journal and various other Accounts Receivable transactions that you use on a day to day basis in Accounts Receivable.

Lessons

Free Text Invoice - Description and Usage

Payment Journals

Edit Open Transactions

Placing an Accounts Receivable Transaction on Hold

Reverse Settlements

Reimburse a Customer

Reason Codes

Print Management

Financials II in Microsoft Dynamics AX 2012

Module 1: Budgeting

This module discusses the concepts of budgeting, how to set up basic budgeting and budget controls including budgeting rules and attributes.

Lessons

Budgeting Overview

Basic Budgeting Setup

Budget Control

Configuring Budget Control

Module 2: Use and Manage Budgets

This module examines how to view the status and history of a budget. The process for using budget control on source documents and accounting journals is also discussed.

Lessons

Budget Amounts

Using Budget Control

Budget Reporting and Inquiries

Budget Transaction Web Services

Integrated Budgeting

Transfer Budgets To and From General Ledger

Module 3: Commitment Accounting

This module discusses the process of defining an encumbrance and creating a purchase order encumbrance. It also discusses the entry and analysis of an encumbrance transaction and the processing of year-end commitments.

Lessons

Defining Purchase Order Encumbrances

Setting Up Encumbrances

Purchase Order Encumbrance Transactions

Encumbrance Year-End Process

Module 4: Cash Flow Management

This module discusses the relationship of cash flows to modules in Microsoft Dynamics AX. It discusses how to set up cash flow forecasting and define a cash flow forecast budget model. It also demonstrates how to create and calculate cash flow transactions.

Lessons

Relationship of Cash Flow to Other Modules

Set Up Cash Flow Forecasting

Define a Cash Flow Forecast Budget Model

Create Cash Flow Transactions

Calculate Cash Flow Transactions

Module 5: Multicurrency

This module discusses the setup required for foreign currency revaluation. It also discusses how to run revaluation in different modules in Microsoft Dynamics AX.

Lessons

Setup

Foreign Currency Revaluation

Accounts Receivable and Accounts Payable Exchange Rate Adjustments

Module 6: Advanced Payments

This module describes the processing and setup of advanced customer and vendor payments in Microsoft Dynamics AX including bridging accounts, electronic payments, centralized payments, bills of exchange and prepayments.

Lessons

Bridging Accounts

Electronic Vendor Payments

Electronic Customer Payments

Centralized Payments

Prepayments (Deposits)

Bill of Exchange Administration

Ledger Accrual

Module 7: Intercompany Accounting

This module introduces the concepts of intercompany accounting. Topics discussed in this course include the review and posting of intercompany transactions, the setup of for intercompany accounting, and how to trace an intercompany transaction.

Lessons

Post Intercompany Transactions

Intercompany Posting Setup

Post an Intercompany Transaction

Trace an Intercompany Entry

Module 8: Consolidations

This module discusses the capabilities of Microsoft Dynamics AX to consolidate subsidiary companies into a single consolidated company. Topics that are covered include how to set up a subsidiary company, setup of a consolidated company and how to perform a consolidation.

Lessons

Set Up a Consolidation Company

Set Up a Subsidiary Company

Perform a Consolidation

Consolidations Inquiry

View and Delete Consolidation Transactions

Intercompany Eliminations

Module 9: Collections Management

This module describes how to set up and process customer statements, collection letters and interest notes to help in the collection process.

Lessons

Customer Account Statement

Set Up Collection Letters

Process Collection Letters

Set Up Interest Codes

Calculate Interest

Managing Collections and Collection Agents

View and Manage Collections Information

Advanced Collections Management Tasks

Module 10: Financial Workflows

This module describes how to set up one or more workflow configurations, select a configuration and activate workflow.

Lessons

Workflow Types

Workflow Configurations

Workflow Approvals

General Ledger Workflow

Accounts Payable Workflow

Accounts Receivable Workflow

Managing Workflows

Module 11: Year-End Close

This module discusses the year-end processes necessary in Microsoft Dynamics AX. Topics covered in this course include creating a new fiscal year, how to hold or close a period, create a closing sheet and setting up fiscal year parameters.

Lessons

Create a New Fiscal Year

Control Transactions in a Closing Period

Create and Post a Closing Sheet

Transfer Opening Balances

Module 12: Financial Statements

This module discusses the steps and processes to create a financial statement in Microsoft Dynamics AX. Topics covered include creating row and column definitions, creating and printing financial statements, and creating and printing dimension statements.

Lessons

Financial Statement Setup

Financial Statement Row Definition

Financial Statement Column Definition

Print a Financial Statement

Create a Balance Sheet

Dimension Reports

XBRL Taxonomy

Fixed Assets in Microsoft Dynamics AX 2012

Module 1: Introduction

This module provides an overview of fixed assets and its integration with other modules.

Lessons

Fixed Assets Overview

Structure

Integration with Other Modules

Module 2: Setup Procedures

This module focuses on the setup procedures that are required for the Fixed assets module.

Training Formats

With several convenient training delivery methods offered, The Academy makes getting the training you need easy. Whether you prefer to learn in a classroom or an online live learning virtual environment, training videos hosted online, and private group classes hosted at your site. We offer expert instruction to individuals, government agencies, non-profits, and corporations. Our live classes, on-sites, and online training videos all feature certified instructors who teach a detailed curriculum and share their expertise and insights with trainees. No matter how you prefer to receive the training, you can count on The Academy for an engaging and effective learning experience.

Methods

Instructor Led (the best training format we offer)
Live Online Classroom – Online Instructor Led
Self-Paced Video

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